MTFs continue to lose market share as spreads tighten, in The TRADE andLiquidMetrix’s first data report on European liquidity and fragmentation.

The TRADE is pleased to be teaming up with LiquidMetrix to provide our readers with thelatest key data on liquidity and fragmentation inEuropean markets. The second quarter of 2017 hasseen significant market developments, with multilat-eral trading facilities continuing to lose market share,while spreads have reached their lowest ever point inthis series.

MARKET SHARE

MTF Market Share (%) Market Value Traded
Q1 2017 30.64% € 44.86bn

Q2 2017 30.32% € 36.71bn

Change -0.32% €- 8.15bn

MTF Share in Q2 2017 stabilised somewhat after a
sharp drop that we noted in the previous quarter.
However, the overall level continues to decrease
and is now fixed at a level similar to 2014. Market
value traded was significantly lower in Q2 2017
dropping by around 15-20%.